GTT: 81% growth in turnover in the 1st quarter


(CercleFinance.com) – GTT published on Friday evening a turnover up 81.2% to 144.8 million euros for the first quarter of 2024, including 133.2 million linked to new constructions, three million to the Elogen electrolyser activity and 8.6 million for services.

As of March 31, 2024, the specialist in membrane containment systems dedicated to the transport and storage of liquefied gases had an order book, excluding LNG fuel, of 329 units, compared to 311 units three months earlier.

In the absence of significant postponements or cancellations of orders, GTT confirms that it is targeting for 2024 a turnover of 600 to 640 million euros and an EBITDA of 345 to 385 million, as well as a minimum distribution rate of dividend of 80% of net profit.

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